PUMBA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PUMBA
Largest movements
- Stocks and contracts -€212,570
no longer reported in 2025 (was €212,570)
- Cash -€39,089
down €39,089 (-99.4%), from €39,323 to €234
mainly Debts after one year (-€150,000) and Other debts (-€100,171)
- Receivables within one year -€5,683
no longer reported in 2025 (was €5,683)
- Debts after one year -€150,000
no longer reported in 2025 (was €150,000)
- Other debts -€100,171
down €100,171 (-77.1%), from €129,863 to €29,691
- Trade debts -€5,683
down €5,683 (-91.0%), from €6,246 to €563
- Gross operating margin +€30,682
up €30,682, from -€28,784 to €1,898
- Financial charges +€3,374
up €3,374 (+28,791%), from €12 to €3,386
- Depreciation -€1,030
down €1,030 (-75.4%), from €1,366 to €336
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,447 | €769 | -€257,678 | -99.7% |
| Fixed assets | 21/28 | €870 | €534 | -€336 | -38.6% |
| Tangible fixed assets | 22/27 | €870 | €534 | -€336 | -38.6% |
| Furniture and vehicles | 24 | €870 | €534 | -€336 | -38.6% |
| Current assets | 29/58 | €257,576 | €234 | -€257,342 | -99.9% |
| Stocks and contracts in progress | 3 | €212,570 | - | -€212,570 | |
| Stocks | 30/36 | €212,570 | - | -€212,570 | |
| Amounts receivable within one year | 40/41 | €5,683 | - | -€5,683 | |
| Trade receivables | 40 | €5,683 | - | -€5,683 | |
| Cash at bank and in hand | 54/58 | €39,323 | €234 | -€39,089 | -99.4% |
| Total equity and liabilities | 10/49 | €258,447 | €769 | -€257,678 | -99.7% |
| Equity | 10/15 | -€27,661 | -€29,485 | -€1,824 | -6.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,161 | -€31,985 | -€1,824 | -6.0% |
| Amounts payable | 17/49 | €286,108 | €30,254 | -€255,854 | -89.4% |
| Amounts payable after more than one year | 17 | €150,000 | - | -€150,000 | |
| Financial debts | 170/4 | €150,000 | - | -€150,000 | |
| Amounts payable within one year | 42/48 | €136,108 | €30,254 | -€105,854 | -77.8% |
| Trade debts | 44 | €6,246 | €563 | -€5,683 | -91.0% |
| Suppliers | 440/4 | €6,246 | €563 | -€5,683 | -91.0% |
| Other amounts payable | 47/48 | €129,863 | €29,691 | -€100,171 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,366 | €336 | -€1,030 | -75.4% |
| Gross operating margin | 9900 | -€28,784 | €1,898 | +€30,682 | |
| Operating profit (loss) | 9901 | -€30,150 | €1,562 | +€31,712 | |
| Financial charges | 65/66B | €12 | €3,386 | +€3,374 | +28,791% |
| Recurring financial charges | 65 | €12 | €3,386 | +€3,374 | +28,791% |
| Profit (loss) for the period before taxes | 9903 | -€30,161 | -€1,824 | +€28,338 | +94.0% |
| Profit (loss) for the period | 9904 | -€30,161 | -€1,824 | +€28,338 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,161 | -€1,824 | +€28,338 | +94.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.